The bible of Philippine politics

ASEAN-ROK Summit: Philippines, South Korea sign 5 agreements

0 166

By Prince Golez

The Philippines and South Korea sealed a total of five agreements during the ASEAN-Republic of Korea (ROK) commemorative summit in Busan.

President Rodrigo Duterte and South Korean President Moon Jae-in witnessed the signing of the following agreements between the two states on Monday:

•Agreement on social security between the Government of the Republic of the Philippines and the Government of the Republic of Korea

•Implementation program of the MOU on tourism cooperation between the Department of Tourism of the Republic of the Philippines and the Ministry of Culture, Sports and Tourism of the Republic of Korea

•Joint statement by the Republic of the Philippines and the Republic of Korea on the early achievement package of the negotiations of the Philippines-Korea free trade agreement

•Memorandum of Understanding on cooperation in fisheries; and

•Memorandum of Understanding on cooperation in the field of education.

In their joint statement, Duterte said South Korea was the country’s largest trading partner in 2018, with total trade amounting to over $13 billion.

“I assure you that the Philippines will continue to find common cause and purpose with the Republic of Korea towards enhancing our bilateral engagement and promoting peace and stability in your region,” the President added.

For his part, Moon said the Philippines is the “future of ASEAN,” citing its growth rate of 6 percent each year.

“Through our meeting today, I hope to strengthen my friendship with you and expand our bilateral cooperation to contribute further to the development of ASEAN,” he also said.

 

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy